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Oando acquires Eni's Nigerian Agip Oil Company

PRIVATEOct 11, 2026

Acquiring Company

Oando Plc

Acquired Company

Eni's Nigerian Agip Oil Company

LagosLagosEnergyOil And GasBiomass EnergyEnergyOil And Gas

Description

In 2024, Oando completed its acquisition of Eni's Nigerian Agip Oil Company. This deal significantly increased Oando's reserves and provided them with a working interest in key oil fields. The transaction is viewed as a culmination of a decade-long strategy to assert control over strategic energy assets. It also emphasizes the company's ambition to operate complex assets at scale.

Company Information

Company

Oando Plc

Location

Lagos, Lagos State, Nigeria

About

Oando Plc is a Nigerian multinational energy company. The company is involved in the exploration and production of petroleum products and also operates in the energy services sector.

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Frequently asked

Who acquired Eni's Nigerian Agip Oil Company?

Eni's Nigerian Agip Oil Company was acquired by Oando Plc, based in Lagos. The deal was reported on October 11, 2026. Oando Plc is a Nigerian multinational energy company. The company is involved in the exploration and production of petroleum products and also operates in the energy services sector. Oando Plc is privately held and operates in Energy.

When did Oando Plc acquire Eni's Nigerian Agip Oil Company?

Oando Plc's acquisition of Eni's Nigerian Agip Oil Company was reported on October 11, 2026. In 2024, Oando completed its acquisition of Eni's Nigerian Agip Oil Company. This deal significantly increased Oando's reserves and provided them with a working interest in key oil fields. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Eni's Nigerian Agip Oil Company do?

Eni's Nigerian Agip Oil Company is a prominent oil and gas company operating in Nigeria. It is involved in exploration, production, and distribution of oil and gas resources. It is privately held, operating in Energy, and is based in Lagos.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.